This was Qudelix's response when I asked on their forum what the output impedance of the 5K is:
Hmm...the only reason I can think of why they would flat out refuse to publish a figure is that it isn't very low. Without knowing that figure there's a risk this device could have high output impedance and so adversely affect the frequency response of headphones/IEMs with large impedance swings.
I don't know if this has been replied to.
I have measured the output impedance in single ended mode/1V 44.1kHz mode at 1kHz. 0dB signal. I got 1.016V out unloaded and 1.011V out 33ohm loaded. 4 point measurement at the connector, measured by APx555. So at 1kHz the output impedance is a factor 200 under my 33R load resistor, so something around 170mohm. Very respectable result. The balanced output impedance is thus expected to have less than the double impedance.
My THD+n measurement at 1kHz -1dB (1V mode) gave 0.0025% both unloaded and 33ohm loaded, unchanged harmonics composition. THD+n was even the same at 20Hz, and also loaded.
I also measured Balanced out, 2V mode. Here THD+n actually dropped when 33ohm loaded. The measurements here were a bit lower.
My conclusion is that
1: Output impedance is low
2: THD+n is not badly effected by load - so the THD/sound issues don't come from weak internal supplies and lo-fi buffer. At least not in the case of stationary signals. So maybe we're talking bad ref for the DAC?
3: THD+n is still excellent at 20Hz. No bad DC blocking cap in the signal path. Peak currents in the power supply are bigger here where decoupling doesn't work any more, but it doesn't seem like a problem.
4: It doesn't seem to be weak on power - I could fear that on a probably charge pump negative supply based system.
5: The with big margin dominant FFT pins are harmonics, not spurious' from bad PCB layout.
I hear some modulation by heavy bass on voices, I hear some "roughness", I hear some "missing calm" compared to good desktop systems.
I plan to do some IMD measurements, both SMPTE type (how does a strong low freq modulate a weaker higher freq tone), and some "two similar tones at high freq FFT IMD"
Then, as my 555 doesn't have USB, my source is a PC with generated 24bit sines. I need to measure that sine in the digital domain to check its THD.
Edit:
My objective is to find where to modify it to improve sound - if easily done. Anyone has a datasheet of the 18p?